Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Excellent profitability index (9.5).
Other Rating Factors:
Excellent overall results on stability tests (6.9) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Fair liquidity (4.8) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (97.9%), homeowners (0.2%), comm multi (0.1%), other (1.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (81.9%), common stock (15.9%), real estate (0.8%), non investment grade bonds (0.6%), other (0.8%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
24260
Website
Largest Affiliates